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What is depreciation?
  • a)
    Cost of using a fixed asset
  • b)
    The value of asset
  • c)
    Portion of a fixed assets cost consumed during the current accounting
  • d)
    Cost of fixed asset’s repair
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is depreciation?a)Cost of using a fixed assetb)The value of asset...
Depreciation: Depreciation is the systematic reduction of the recorded cost of a fixed asset. Examples of fixed assets that can be depreciated are buildings, furniture, leasehold improvements, and office equipment.
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What is depreciation?a)Cost of using a fixed assetb)The value of asset...
Depeiciation hmare asset ki vo value hoti h jo hm use kr chuke h that means hmara asset ki value used value se kam ho jayegi so correct option is (A) i.e. cost of using fixed asset mtlb hmare asset ki vo cost jo hm utilise ke chuke hn. hope this explanation is sufficient. If you find it helpful then let me know.
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